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They have defiantly been involved in share shifting lately.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10048684
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10029885
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10135771
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10099118
Amazing amount of share structure rebalancing.
LOL finally found one ASHER is moved into, not out of !!!
That's 7 out, 1 in.
Was thinking the same thing so ran the numbers in last post.
Lets see;
$710k @ .003 yesterday is 236 mil. and if funders got 50% discount from 5 day VWAP bottom stall, that would be 472 mil for sale, could be dumped. And 2 day volume is 450 mil +/-.
This could be the whole deal; from under my tin foil hat. If they converted and dumped for a 50% gain. But who the hell would buy with little to no retail herd around and no AUG 11th PR to act on?
Humm a wonderment !
Ouch just compared volume with your OS. Something doesn't fit. They would have to be way naked short to trade those volumes, with that OS. And naked shorting is pretty rare these days. Is it traded on the Frankford exchange???
Yep, my point. Way early now. I don't usually start watching these possible darkside plays, till attention pop starts.
But bottom fisher moves in can be day traded. Like attention pops.
Lets move OOIL from watch, to strong watch. AGAIN
http://stockcharts.com/h-sc/ui?s=OOIL&p=D&yr=0&mn=3&dy=0&id=p27201255716
It's been over due and chart shows 2 high candle spikes recently, attempting to breakout again, after July attempt was held back. Looks like they snuck in a few last minute funding deals. After the first ones. Which cause my first heads up in June.
AUG 11 management announced large new share issuance. Could trigger expected darkside move now deals were completed. Adding to original dilution.
ECAU
Chart looks to me like bottom fishers moving in. Don't get too excited. IMO
http://stockcharts.com/h-sc/ui?s=ECAU&p=D&yr=0&mn=1&dy=0&id=p17189305416
Happens at most every bottom. A day trade at best. At least that's how I trade volume buying at first bottoms. Then place on weekly watch for any day tradable attention pop. To confirm new funding possible at bottom. Then research share structure and wait for real run, if found.
The OTC game. The chart is only at step 1 of any possible darkside game play.
Keep an eye on RAD, for right shoulder of a Heads & Shoulders pattern and large gap above fill. Played several steps up before walk down. Had on weekly watch, moved to strong.
http://stockcharts.com/h-sc/ui?s=RAD&p=D&yr=0&mn=6&dy=0&id=p97310280556
GORO play closed for 5% (small entry & larger) yesterday. MCP , single bounce short squeeze play today, @ -2% trailing stop. (damn shorts) LOL Gap below filled today. On strong watch still/again.
If your not sure the odds are in yout favor. Why hold what should have been a day trade on the first attention pop play.
Forgot: "Take profits when they present." And TIP: Day trade the first bottom attention pop. Also TIP: real run comes 2 weeks to a month or so after attention pop.
How about: Learn to sell, don't hold for/expecting more. OR: Capital preservation is as important as gains.
NBRI
2 early entry indications; 5 crosses the 10 MA and DI+ crossed the DI-. Support indicators positive. Volume not increasing. 4 weeks from attention pop. At first resistance, but hasn't crossed.
Free trading eval; could have small starter position.
Darkside play; wait for confirmation.
Keep an eye on PMCM today/few days. TA & Chart is at a decision point after a price pull down, then attention pop.
http://stockcharts.com/h-sc/ui?s=PMCM&p=D&yr=0&mn=3&dy=0&id=p49098350480
You know I was thinking about my comment on SRGL being a waste of time and thought I could add a trading style comment which actually buys these walk down to .0001 stocks.
The trade plan is eventually someone will buy the empty shell. So eventually the price will increase. And there are traders which buy and hold long. I tried it for a few years in mid 2000/2010. Put $100 into (10) .0001/.0002 stocks and waited for reverse mergers. As I recall 4 gave me 5 to 10x in a year. 3 in 2 years and 2 I closed at even year 2. Many which play this game put more cash in. But I have no idea if their results were any where near mine. Or if my results would repeat, if I continued playing the 2yr hold plan.
The investment strategy is if you can eventually get them at .0001 it's a good investment. Worst case break even. Unless it is removed from the market. And if in @ .0002, worst case is 50% loss, unless it is removed from the market. Only down fall is it ties up cash which gets no interest. And could be sitting in a high divvy REIT.
Food for thought. I don't do this now. Maybe I should think about it again. LOL I own one which is at .0001 now PCFG, but at .0006 maybe I should average down. LOL
Actually top resistance broke Friday. In @ $5.65 Target still 6 bucks.
Ps; strong earning report.
When they walk down to .0001, they usually stay for months & months. Means they either can't or don't want to get funding to grow business. These guys normally are looking to sell their empty shell company.
The volume is just bottom fishers. Taking their first long hold position at rock bottom.
Waste of time.
Need to put on my tin foil hat to protect my brain on that one. As it involves trying to think dark to speculate . After looking at the time and sales. Nothing really fits for the days trading.
But; while running a manipulative run, many times the dark master or he and a friend uses two or several trading accounts to wash trades and walk price direction by trading between accounts.
Usually, when this happens, it happens in the same day. Wash trading can do 2 things, increase volume greatly (sometime double it) and create either direction continuation. You see this more during an attention pop or pre the real run, during accumulation. The goal is to gain interest and accumulate shares used to sell in the real run. It's not needed much once the retail herd is on board. (hooked)
Because they want to gain attention by creating a huge volume and price spike in the chart to draw attention, or hook the herd once they show up. And nothing works better then buying and selling large block orders between oneself. To double volume and acquire shares before a run, while holding price tight. Action begets action.
Using this trick he will sell from one account at bid and buy at ask with the other. Usually larger then retail size trades, which get tic by tic watcher all excited seeing block trades continuing the run. Then 10 15 minutes later he will reverse the accounts and buy from the other and sell with the other, basically washing the original large block order out.
This can be seen several times during the day and any difference because of bid ask trade price in rising price is settled at the EOD. Many times after hours with a "T" trade.
Ever read message boards touting "look at that huge 10 mil buy at ask"? Well if they watched the time & sales, looking for smaller matching trades, which add up to the huge one. They would see this within less the a 1/2 hour. Some thing like 5 2mil trades at bid. or even several 500k burst trades which add up, with a 1 mil here or there. The retail herd miss the smaller ones, but see the big ones. And most have no idea what or why a burst trade happens. So it goes thru without mention. Pennylanders feel the big one meant something very positive. Because someone just dumped a large chunk of cash into the stock. When all that happened was wash trades between accounts.
This did not happen on Friday. But it's possible the 45 mil at 3 pm was a wash trading settle for the past 3 days of active volumes.
Only thing I can guess is a wash trading settle, but for several days rather then daily. Since over 400 mil was traded over the past 4 days, it possible 45 mil at bid .0009 settled the account balance discrepancy. Far from sure this is what happened. But the subject is interesting anyway. And many have no idea this takes place.
Stepping on to the big boards can be a mistake if ones wants, needs and goals can't be met with the low gains available there. As I said it's all in the numbers. But I highly recommend doing so, as soon as possible.
We're now entering the business planning area. I have posts here about that some where. Probably find info here; https://docs.google.com/document/d/16qLgKSlDTPnFZOltmVHp1WLCTwe1SOE9XpWlC1vjC04/edit?pli=1
A business plan is needed to make that decision though. No doubt TA & charting doesn't work as well on the OTC, because of the OTC game and the manipulation involved. You can't trust history to repeat, when manipulation is involved.
But if one needs large gains, because personal finance provides little cash and big profits needed. Their pretty much stuck in the wild west of the OTC. Probably why I spend so much time trying to make those aware of what their up against, on the OTC. Awareness allowed me to trade differently, at the OTC and become much more successful. So I could move on up and diversify my cash, into safer areas. But still make the profits needed. Eventually using business planning and repeating what knowledge had provided. I eventually was able to stop working and start sitting at a computer for income. And that's great. But it wasn't achieved without many mistakes, lots of studying , experience and work.
At the big boards life becomes much easier. Lower risk and less stress involved. Because manipulation is less involved in the different areas. This years business plan I've allotted swing trading 60% of my portfolio there. 10% for the emotional rush liked at the OTC. 10% in pretty much guaranteed income dividend stocks, 5% in position trades held for a quart and I hold 15% in reserve for use when an opportunity pops up.
Each require different risk levels to produce the business plans success. Some super safe, some expected safe, some gets my blood flowing and some causes me to be bored. But the mix creates a income needed, usually wanted, and many times goals at desire are reached.
Robotic trading, guess that means; create an overall business plan; then "Plan each trade and trade each plan." Seems your at/nearing the pick a trading style stage.
A trading style is using what was learned, trying it out within different risk levels. marketplaces, and trading products to reach financial business wants, needs and goals.
It's all in the numbers, when planning anything, while trading or investing. Believe me, finding a trading style which works for ones individual wants, needs and goals. Can be the hardest part of learning to trade successfully. Paper trading while finding/picking that style becomes paramount. Capital preservation is as important as gains. Protect your cash, till you find a way to keep the odds in your favor !
Have no idea your experience, didn't check your IHUB start date. But this post is meant for all readers. So they will think about how serious one should approach earning money at the markets. Playing what's hot, staying too long, and shooting for the moon, is the main reason most fail. But that's how most beginners and those lucky trade.
It's never too late to become a Robotic individual trader. Most successful traders have studied, learned, experimented, then repeats what works best for them. If one reaches this point trading, it does seem robotic. LOL Working your system over and over again.
Here is a redo of the chart, so you can study the 2 patterns at stockcharts.com's chart school heading.
click charts;
http://stockcharts.com/school/doku.php?id=chart_school
Then click patterns;
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis
One is a continuation pattern and the other a reversal pattern. Short/mid term
Theres lots of info in the sticky post area If your new to TA & charting. Stockcharts.com can help with your studies of technical indicators and / or chart patterns. GORO's price target was a projection (not prediction) based on the flag pattern which just had it's resistance broken. Patterns project, People predict.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79890992
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:flag_pennant_continuation
If you think the OTC game setup is there. It cost you nothing to keep an eye on it.
Attention pops normally last 3 to 5 days. I'd expect to see .0175 next resistance.
Yep basic, simple and clean. Someone needs to sell all those shares, emotion wants to buy, or any run will die. And only big guys have the ability to feed the sheep. On the OTC, good PRs don't cause runs. It gives big guys the opportunity to create them.
The OTC game.
Has anyone ever seen a pennylander scream WEEEEEEEEEEEE I'm selling this run. LOL Someone is and big time normally. And how many times have you seen good PRs with no runs. Wonder why? No one has shares for sale.
Simple, basic and clean !
What to talk a little more about GORO chart and why I played it low risk. When the flag pattern did breakout.
Link back
With TA & charting, many times mid term charts morph into short term charts and I've always taught play the short term first, mid term next.
I'm going back on that here. The rising wedge is causing me concern, because volumes basically were stable in each price step up and down. This worries me as to the conviction retail has. With a mid term negative phycology but positive short term sentiment. Investors use phycology and swing traders use sentiment.
See the logic, stable volumes in large moves, say investors. Thus longer term patterns should take priority, over short term swing trader patterns.
The rising wedge pattern is a reversal pattern, which you normally see working, if the peak is walked out of. To defeat any mid term pattern (cause it to fail), you want to see conviction in volumes.
SO while the flag (which actually is more successful then a wedge) calls for $6.00 target. I wasn't confident it would break upper trend.
It's been a while since I spent time teaching or discussing TA & charts and felt some could glean something from this post. When charting, try to take ALL factors into account when evaluation takes place. And use TA to support your eval. TA is supporting continuation also. But Volume, a very important factor is dull. And dull always creates concern for me. Dull volume in large price swing charts means long term investors and short term charts need swing traders. I don't see them.
So when I made my chart and planned my play. I took volume into mind and as always took the low risk, conservative outlook. It cost me nothing and if trend is broken with convection, I can always add larger.
Still waiting and watching.
Thanks
Doesn't really matter if it drops lower. What matters is it runs higher, for a darkside play. I buy breakout. Breakout with volume proves dark master selling into a run and feeding a retail herd is what keeps it going.
ELRA
We can move that one from darkside watch to strong or day trade, as it's probably the attention pop. Remember attention pops normally last 3 to 5 days. Time to do more share structure research. IMO July 15th wasn't an attention pop. No volume involved. Still retraced to possible funding level bottom .0005.
http://stockcharts.com/h-sc/ui?s=ELRA&p=D&yr=0&mn=2&dy=0&id=p84911701135
See nothing interesting there.
Darkside manipulation plays only happen on the OTC. CCCR is a big board stock just doing business.
But yea, that's the kind of info to look for, on the OTC though.
Humm I see MCP volume over came the shorts today. Small entry @ 2.35 closed since the post earlier today.
This one is a single bottom bounce play with high short squeeze possibilities. Going larger @ 3.00.
http://stockcharts.com/h-sc/ui?s=MCP&p=D&yr=0&mn=3&dy=0&id=p18365772712
link back
welcome
LOL guess you could say my box, is outside the retail herds box. When it comes to the OTC & PINKS. Trying to make retail aware of the OTC game I've learned about, over the past 10 years, is all.
Example I just posted about FLST and the board there is crying about dilution. But I'm happy for it. Because dilution says some entity may be selling cheap shares, for large profits soon. My box loves dilution, their retail box hates it.
If my babble, TIPs, Rules of Thumb, Rule based planning style and TA & charting helps one increase their success rate. I reached my goal.
Thanks Attempting to create individual traders, from the herding instinct.
Lets move FLST from watch to strong watch.
http://stockcharts.com/h-sc/ui?s=FLST&p=D&yr=0&mn=3&dy=0&id=p35223868417
Just read this post about share structure and chart shows it's in week 4 after the attention pop, with a volume surge accumulation the past 2 days.
If this is correct (if) something dark should be seen soon. The guys says OS went from 137 mil to 527 mil.
http://stockcharts.com/h-sc/ui?s=FLST&p=D&yr=0&mn=3&dy=0&id=p35223868417
July 15th 2014 there was 39,574,559 shares issued for debit conversion reported.
In APR 2014 42 mil was registered for sale.
and;
Magna Operating LLC
Hanover Holdings I LLC
Joshua Sason
Each Reported 6.42% ownership for 3.6 mil each. Ps; Joshua Sason owns Magna Operating LLC & Hanover Holdings I LLC. so Joshua held 19.26% at the time, evading the 9.99% normal max rule or 10,8 mil of the 42 mil offering. Joshua Sason has been involved in fraud litigation in 2013.
Any way one looks at FLST share structure it seems the darkside is there.
ENIP
Average volume of 203k and average price the last month .02, equals daily trading around $4,000. Can't trade and make money.
This is the old problem with low float/low volume stock trading. One jumps in on high volume price increase days. Close to the old average volume in size. Then when the emotion cools, volume falls to average and you can't sell what you bought. No liquidity
Rule of thumb for position size; is not more then 10% of the average daily volume. Shouldn't own more then 20k @ .025 that's $500.
IMO never touch a stock that trades on the FRANKFURT exchange. That's the way darkside can cover naked short selling.
Oh well, Molly corp MCP can't seem to win the short fight. Thought the funding would do it. Still a chance, but with 34% of the OS, shorts can sell at bid for s long time. Needs lots of new investors to scare the shorts. Not enough so far today.
Keeping an eye on it daily, for a few days. Large continuous volume will do it eventually. If it happens at all. They hold 67 mil short. Only continuous buying the bid can change the direction from selling at bid to stop a run. To selling at ask to cover a run. We'll see how many institutional investors decide to get in on the news.